I guess I am still just hoping he was naive, inexperienced and maybe careless, not evil.

That's a lot of risk to take on with someone who is inexperienced and has no track record.  

@Eric Gamble It's nothing personal really...I just have issue with the topic in general...BP starting promoting this term through Brandon Turner and it's killing inexperienced investors...they think, hey "I'll just BRRRR my way to 100-units"And then I'm fielding calls from a first time BRRRR investor saying "****, my appraisal didn't come back at what I thought"...or they forget about seasoning...or that a conventional lender won't lend to an LLC...and they are busted...out of steam and no more deals for years...just want to shed some light on potential shortcomings of this strategy. 

I would prefer an inexperienced investor bring a significant amount of their own funds but if the deal was great I might require less.

Since I'm only 17 years old and have no previous real estate experience how exactly do you think I should go about networking, especially considering I don't currently have any personal connections with investors.In my experience, most of the people attending meetups are inexperienced and a decent percentage of them have no experience.

There are quite a few people who are trying to make money in real estate with "no money down", and this has attracted quite a few inexperienced wholesalers to the game.

Without more facts it's hard to assess what really happened in this particular instance, but just casual observation on this website and other online resources suggests that there's a massive stream of "inexperienced money" (what stock guys call "stupid money," which is the wrong expression because the people who own it are invariably well-educated otherwise)  flowing from the coasts to formerly great midwestern cities that have had a hard time adjusting to post-industrial realities. 

BRRRR is not a cash flow game... it's a highly leveraged way of obtaining several assets with limited capital... but you still have to be adequately capitalized to build a portfolio with the BRRRR method.The Gloom and Doom comes in because inexperienced investors are not prepared for going over the rehab budget, extended vacancies, mortgage payments but late rents, maintenance and preventative maintenance, holding cost and turn costs during vacancies, etc.Holding rentals is not a consistent income.

Many lenders are selling loans that have maturity defaults and there were a lot of inexperienced investors getting these types of loans.6.

I'm sorry my man, but you are too niave, inexperienced, and idealistic.